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European property market survey tips recovery in 12 months

In Europe, a majority of 75% of real estate professionals expect positive performance of real estate to return in 12 months. That is the combined verdict of over 840 people so far who have responded to PropertyEU/NL Market Barometer in the face of the coronavirus pandemic. Key findings to date include that over 90% of professionals across Europe have currently switched to working from home. The majority also says Covid-19 has made their day-to-day tasks and responsibilities more challenging, rating it as a ‘7’ on a scale of 1-10 (10 being incredibly challenging). Less than 1%…

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Cineworld cinemas

Cineworld warns extended cinema closures could lead to debt breach

The exhibitor says the dire downside scenario that assumes the loss of two to three months’ worth of revenue across its entire business could also cast “significant doubt” about its ability to stay in business. Exhibition giant and Regal owner Cineworld Group on Thursday reported higher 2019 earnings and revenue and provided an update on the coronavirus, saying its business impact has so far been “minimal.” But it also said it has drawn up potential downside scenarios in case the spread of the virus does lead to cinema closures, with a particularly…

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Chief Cineworld shareholder sells partial stake as stock slumps

Cineworld said on Monday its biggest shareholder would sell almost a third of its stake in the British cinema operator to refinance a margin loan, after shares in the company sank to a 7-year low on bets audiences would collapse in the coronavirus crisis. Adds slide at open, deal price, details on GCT March 9 (Reuters) – Cineworld said on Monday its biggest shareholder would sell almost a third of its stake in the British cinema operator to refinance a margin loan, after shares in the company sank to a 7-year low…

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